BitGo Secures MiCA License in Germany, Expanding EU Crypto Custody Services

BitGo Gains MiCA License in Germany to Expand EU Crypto Custody Operations

Crypto custodian BitGo has secured a significant regulatory milestone by obtaining a Markets in Crypto-Assets (MiCA) license from Germany’s financial watchdog, BaFin, positioning it to serve clients across the European Union.

Announced on May 12, the license grants BitGo Europe the authority to offer digital asset services under the EU’s new MiCA regulatory framework. The move allows the California-based firm to serve both crypto-native companies and traditional financial institutions, including banks, hedge funds, and asset managers throughout the EU bloc.

Source: BitGo

“This license underscores our commitment to the highest standards of security, transparency, and trust,” said Harald Patt, managing director of BitGo Europe.

BitGo Strengthens EU Presence with Regulatory Compliance

Founded in 2013, BitGo is known for its institutional-grade crypto custody solutions, safeguarding assets like Bitcoin (BTC) for clients globally. The MiCA license approval follows BitGo’s strategic expansion into Europe, marked by the establishment of its EU headquarters in Frankfurt, Germany, in 2023.

Since then, BitGo has registered its operations in multiple EU countries, including Spain, Italy, Greece, and Poland. The MiCA license now enables the firm to operate seamlessly across all EU member states under a unified set of digital asset regulations.

“BitGo’s MiCA license comes at a pivotal moment as BitGo expands its product suite to offer a broad range of institutional-grade digital asset solutions,” the company noted in its announcement. However, it did not disclose which specific services it plans to launch first under the license.

BaFin data on BitGo’s registrations in Germany as of May 12, 2025, 8:30 am UTC. Source: BaFin

Germany Emerges as a Key Crypto Regulatory Hub

Germany has become a hub for MiCA-compliant businesses, with BaFin issuing licenses to multiple digital asset firms, including Bitpanda and Boerse Stuttgart Digital Custody in 2025. While BitGo’s license had not yet been reflected in BaFin’s public registry as of May 12, the company confirmed regulatory approval had been granted.

The approval is expected to strengthen BitGo’s foothold in the European digital asset market, as the MiCA framework aims to create regulatory clarity and consumer protection across the EU's rapidly growing crypto industry.